- Putin opens XVI BRICS summit in Kazan, Russia.
- 30 numbers of Countries hope to join with BRICS.
- Xi says, the world is in chaos.
- Modi raises the Ukrain War with Russia’s Putin & war like situation in Gaza and Lebanon.
China’s Xi Jinping, India’s Narendra Modi and other some leaders of some Nations, discussed the war issues of Ukraine with Mr. Vladimir Putin, as a chairman of the summit of BRICS, aimed at showing Western Attempts to isolate Russia have failed.
BRICS- an Idea , thought up before Two Decades Ago about growing South Asian Regions including China & India’s vast populated markets- is now a Group that accounts near about 45-60% of World population and 44% of Global Economy.
Putin,and his administration has dismissed the war crimes allegations into him, and his country politically , and joined the summit saying that more than han 30 of countries from south asia and east region, while Ethiopia, Egypt, Iran are partnered with BRICS recently.
Putin says, it would be wrong to ignore the unprecedented interest of the countries of the Global South and East in strengthening contact with BRICS. Putin told BRICS leaders in Kazan, A Russian city in the banks of Volga, the Largest River of Europe.
At this time, it’s necessary to maintain balance and prevent decrease in effectiveness of BRICS.
More than 20 Leaders, including Chainese President Xi Jinping, Indian PM Modi, UAE president Seikh Mohammad Bin Zayed Al Nahayan, Iranian President Masoud Prezeshkian are attending the BRICS summit.
About Ukraine crisis, Modi told Putin in public,that he wants peace in Ukraine. Xi Jinping told, the war in Ukraine behind closed doors with Kremlin chief. China and India buy 90% of Russian oil-which Moscow s biggest foreign currency earners. Russia is World 2nd largest oil exporter.
But due to ban and some sanctions to Russia were imposed, the Russian oil were totally consumed by the two big populous countries.But economically Russian counterpart not disrupted.
Putin told that Chainese-Brazilian proposals could be a basis for ending the war, which in a resolution by BRICS.
In near future, with the expansion of BRICS, and economically trade within BRICS countries in a local currencies transfer will be a great steps in Global Economy.
As in resolution in the summit, – We agreed and discussed and studies the feasibility of an independent establishment cross border settlement and depository infrastructure . We task our finance ministers, central banks governor’s , as appropriate,to consideration of the issue of Local currencies of BRICS countries.
